Reported 2 days ago
Loop Capital Markets has raised its price target for Hewlett Packard Enterprise (HPE) from $16 to $18, maintaining a Hold rating on the stock. This increase follows strong financial results for HPE's server division, which saw a 7% year-over-year revenue increase, despite a decline in traditional server volumes. Additionally, HPE's AI server segment obtained $1.1 billion in new orders, contributing to positive market responses, while the company slightly adjusted its revenue growth projections for fiscal year 2025.
Source: YAHOO